I have given 8 weeks notice to my existing landlord and must vacate my rented flat in Benllech by 20/9/2024. Conveyancing for my house purchase is underway. Is it possible to complete in three weeks as don't want to have to move into short term accommodation?
The normal practice is not to give notice on a rental unless exchange of contracts has taken place. Assuming that you have not previously done so, update to your conveyancer and ask them to they cajole the sellers side, try to get a realistic time scale from them that everyone will work to achieve
Having sold my house in Benllech last December but our buyer keeps SMS messaging me complaining that her lawyer is waiting to hear from mine. What should have happened now that I have sold?
Post completion of your house sale your lawyer should forward the transfer documentation and all additional paperwork to the purchaser's solicitors. If applicable, your lawyer should also send confirmation that the home loan has been repaid to the buyers solicitors. There are no post completion tasks unique to conveyancing in Benllech.
Should my lawyer be making enquiries concerning flooding as part of the conveyancing in Benllech.
Flooding is a growing risk for conveyancers carrying out conveyancing in Benllech. There are those who acquire a property in Benllech, fully expectant that at some time, it may suffer from flooding. However, aside from the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, suitable insurance cover, or sell the property. Steps can be carried out during the course of a house purchase to forewarn the buyer.
Lawyers are not best placed to impart advice on flood risk, however there are a numerous checks that may be carried out by the buyer or on a buyer’s behalf which should figure out the risks in Benllech. The standard completed inquiry forms sent to a buyer’s solicitor (where the Conveyancing Protocol is adopted) contains a standard question of the vendor to determine if the premises has suffered from flooding. If the premises has been flooded in past and is not notified by the seller, then a purchaser could bring a compensation claim resulting from an misleading answer. A buyer’s conveyancers may also conduct an enviro search. This should indicate if there is a recorded flood risk. If so, further inquiries should be initiated.
Due to the advice of my in-laws I had a survey completed on a house in Benllech in advance of retaining conveyancers. I have been told that there is a flying freehold element to the property. The surveyor advised that some lenders will refuse to issue a loan on such a property.
It depends who your proposed lender is. Bank of Scotland has different instructions from Halifax. Should you wish to call us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Benllech. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Benllech to see if the conveyancing costs will increase in light of this.
What does commercial conveyancing in Benllech cover?
Non domestic conveyancing in Benllech covers a wide range of guidance, given by regulated solicitors, relating to business property. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
Back In 2002, I bought a leasehold house in Benllech. Conveyancing and Platform Home Loans Ltd mortgage organised. A letter has just been received from someone claiming to own the freehold. Attached was a demand for arrears of ground rent dating back to 1996. The conveyancing practitioner in Benllech who previously acted has long since retired. Do I pay?
The first thing you should do is contact HMLR to make sure that the individual purporting to own the freehold is in fact the new freeholder. There is no need to incur the fees of a Benllech conveyancing practitioner to do this as it can be done on-line for a few pound. You should note that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I bought a leasehold flat in Benllech, conveyancing was carried out in 2008. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar flats in Benllech with an extended lease are worth £197,000. The average or mid-range amount of ground rent is £55 per annum. The lease ceases on 21st October 2080
You have 56 years unexpired we estimate the premium for your lease extension to range between £29,500 and £34,000 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more comprehensive due diligence. You should not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.